Category Archives: business tax deductions
Why Do Some Small Businesses Pay Less Tax?
Can I make a rather bold statement? Here it is: Given the same amount of profit, not all businesses pay the same amount of taxes. Think about that. It’s probably something that you’ve always wondered about, maybe were even a … Continue reading
How to Slash Your Taxes – Quickly, Easily, Legally
Here’s a friendly reminder that there’s still time to sign up for my new Small Business Tax Deduction Coaching Program. Enrollment ends on Monday, August 29. For details on the program, including dates and pricing, click here: Tax Coaching Program … Continue reading
FAQ About New Tax Coaching Program
Based on the number of emails I’m getting about my new Small Business Tax Deduction Coaching Program, many folks are quite interested. This is good! I love helping people pay less tax, especially the hardest working people in America – … Continue reading
How To Write Off Your Vacation
I’ve spent about 7 hours during the past week answering your questions about my new Tax Deduction Coaching Program. Many folks are asking, “When is the coaching program going to start?” Answer: In early September, right after Labor Day. Parents … Continue reading
Small Business Tax Deductions – How To Deduct Your Vacation
It is perfectly legal to deduct your next vacation. Here’s how to do it. To qualify for this deduction, you must meet the following two criteria: 1. You are self-employed or own a small business; 2. On your next trip, … Continue reading
Top Ten Small Business Tax Deductions
Many thanks to all of you who sent me a response to my Wednesday email. In case you missed it, it was entitled “I need your help”. This email told you about a new tax deduction coaching program that I’m … Continue reading
Small Business Tax Deductions: How to Deduct All Your Medical Expenses
Looking for a legal way to deduct all our medical expenses on your small business income tax return? Read on. The tax rules make it very difficult, if not impossible, to do so on your personal income tax return. First, … Continue reading
5 Easy Steps to a $5,550 IRS Mileage Rate Deduction
One of the most overlooked small business tax deductions is sitting in your driveway. If you’re not taking a deduction for the business use of your vehicle, you’re overpaying your taxes by hundreds if not thousands of dollars every year. … Continue reading
4 Critical Steps to Paying Yourself Reasonable Compensation
Are you a shareholder/employee of an S Corporation and not sure how much to pay yourself? This is a common problem and the stakes are high. Pay yourself too much and you’ll end up with a higher tax bill than … Continue reading
4 Great Reasons to Incorporate Your Sole Proprietorship
Are you a sole proprietor who’s been thinking about forming a corporation? Here are four great reasons to do so. 1. Liability protection. When you operate your business as a sole proprietorship, your personal assets are at risk. Should something … Continue reading